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Biden Administration Will Cancel $1 Billion in Loans to Students Defrauded by For-Profit Colleges

HeadlineMar 23, 2021

Education Secretary Miguel Cardona has canceled $1 billion in student loans for more than 70,000 people defrauded by for-profit colleges. The decision reverses a move by former Education Secretary Betsy DeVos to limit student loan relief for people impacted by the collapse of for-profit colleges like Corinthian and ITT Technical Institute.

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